logo
Read More

Lao SEZs aiming for increase in investors, employees

Laos’ Special and Specific Economic Zone (SEZ) Promotion and Management Office and domestic SEZ authorities are gearing up to promote operations in various zones across the nation. This year, the office will attract at least 163 firms with high quality investment capacity and encourage registered companies to implement their operational agreements. Last year, 202 companies […]

Read More
e2568a08512943e0a53bdb2abecbfcf8-696x464
Read More

Moody’s Assigns First-time Issuer Rating of B3 to Laos

American credit rating agency Moody’s has assigned a B3 rating with a positive outlook to the government of Laos, citing the country’s high economic growth potential. The rating agency pointed out, however, the country’s weak executive institutions, limited transparency, and the small economy could be potential challenges. It is the first time for Laos to receive such […]

Read More
lao02
Read More

Laos Clarifies Business Requirements for Vehicle Industry

Laos has promulgated a new prime ministerial decree clarifying the import and export of vehicles, dealerships, and assembly plants as different types of business. According to the new decree, a company that wants to operate all three types of business must obtain three separate operating licences from the commerce ministry. In the past, some companies […]

Read More
vn01
Read More

CLMV senior economic officials meet in Hanoi

Hanoi (VNA) – Senior economic officials from Cambodia, Laos, Myanmar and Vietnam (CLMV) gathered in Hanoi on January 12 for their 18th meeting hosted by the Vietnamese Ministry of Industry and Trade (MoIT). This was an important meeting of the CLMV economic cooperation mechanism within the economic cooperation channel of the Association of Southeast Asian Nations (ASEAN) in 2020. The […]

Read More
lao01
Read More

Laos, China initiate direct currency exchange

Laos and China have agreed to facilitate the direct exchange of the Lao kip (LAK) and the Chinese yuan (CNY) instead of having to make conversions through other currencies as was done previously. Governor of the Bank of the Lao PDR, Mr Sonexay Sithphaxay, and Governor of the People’s Bank of China, Mr Yi Gang, […]

Read More